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  • The European Central Bank's (ECB) requirement of two qualified ratings on asset-backed securitisations (ABS) could force a rush of struggling institutions to originate new deals
  • Banks and companies in Hong Kong could find themselves in a highly litigious environment if they fail to voice concerns over the Law Reform Commission's proposals on class actions
  • Bonds under Indonesian translation laws An Adaro mine Clifford Chance has advised the joint book runners and lead managers on a $315 million issuance of senior secured notes by Bukit Makmur Mandiri Utama (Buma).
  • In the US the acronym NIH is primarily linked to the National Institutes of Health. But it has a darker meaning too. Last week my managing editor and I sat blank faced when a US lawyer in London passed comment on prospective covered bond legislation. "Even if it goes through, it is most likely to suffer from NIH syndrome," he said. NIH? We were at a loss, but soon we were put out of our ignorance: "Not Invented Here."
  • One way to get around a requirement for 100% approval from lenders for refinancing
  • A new legal team in a new bank, launched in the middle of a financial crisis. It was a big challenge for Noor Bank's head of legal, Omar Rahman
  • A Cambodian company has successfully closed the country’s largest M&A deal. The deal was financed onshore by a group of international banks, showing the potential for deals that have the right structure
  • Martin Wheatley, CEO of the Securities and Futures Commission, has expressed concern about introducing class action litigation to Hong Kong
  • The Royal Bank of Scotland has appointed Michael Loughney as general counsel Asia-Pacific. He will replace Tony Corcoran, who will be returning to Australia at the end of the year.
  • High-profile lessons on recovering the most value from potential administrations. How Nortel, JJB, Oilexco and IMO Carwash managed it